SpaceX passes Amazon as valuation balloons to $2.7T
SpaceX's valuation has increased by $1 trillion since its shares started trading on Friday. O'Kane SpaceX passes Amazon as valuation balloons to $2. 7T SpaceX passed Amazon to become the fifth-most valuable company in the world, after its stock price climbed 20% on Monday and more than 8% in early trading Tuesday, pushing its valuation past $2.
Key Takeaways
- That's despite Amazon turning a $78 billion profit in 2025 on $717 billion in sales last year, compared to SpaceX's $4.
SpaceX has recently added new revenue streams in the form of compute leasing deals with Anthropic and Google, though, and the company has added $1 trillion to its valuation since going public on Friday.
- SpaceX first revealed a collaboration with Cursor in April, at a time when CEO Elon Musk said his AI company xAI - now a part of SpaceX - "was not built right [the] first time around" and that he was rebuilding it "from the foundations up.
" SpaceX's historic IPO saw it debut with a valuation of around $1.
- 7 trillion, and the transaction raised nearly $86 billion for Musk's company.
SpaceX only made about 4% of its total shares available for trading, which experts predicted would make the stock more susceptible to wild swings.
- Through candid fireside chats and high-impact networking, you'll walk away with valuable insights and new connections.
- Tuesday's stock price jump came after SpaceX announced it is acquiring AI coding startup Cursor in an all-stock deal worth $60 billion.
Stats & Key Facts
- #SpaceX's valuation has increased by $1 trillion since its shares started trading on Friday.
- #SpaceX's valuation has increased by $1 trillion since its shares started trading on Friday.
- #O'Kane SpaceX passes Amazon as valuation balloons to $2.
- #7T SpaceX passed Amazon to become the fifth-most valuable company in the world, after its stock price climbed 20% on Monday and more than 8% in early trading Tuesday, pushing its valuation past $2.
That's despite Amazon turning a $78 billion profit in 2025 on $717 billion in sales last year, compared to SpaceX's $4. SpaceX has recently added new revenue streams in the form of compute leasing deals with Anthropic and Google, though, and the company has added $1 trillion to its valuation since going public on Friday. Tuesday's stock price jump came after SpaceX announced it is acquiring AI coding startup Cursor in an all-stock deal worth $60 billion.
SpaceX first revealed a collaboration with Cursor in April, at a time when CEO Elon Musk said his AI company xAI - now a part of SpaceX - "was not built right [the] first time around" and that he was rebuilding it "from the foundations up. " SpaceX's historic IPO saw it debut with a valuation of around $1. 7 trillion, and the transaction raised nearly $86 billion for Musk's company.
SpaceX only made about 4% of its total shares available for trading, which experts predicted would make the stock more susceptible to wild swings. Topics AI , In Brief , IPO , Space , SpaceX , spacex ipo June 18 Los Angeles Get an inside look at what it takes to scale and succeed from leaders at Mach Industries, Founders Fund, and Shinkei Systems. Through candid fireside chats and high-impact networking, you'll walk away with valuable insights and new connections.
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